I'm curious as to how Matt Chambers gets $2.2B as a potential takeover figure.
He mentions the pending offer from CGNPC will be in the order of 270p. Based on the proportion of EXT owned by KAH, this currently translates to an inferred value for EXT of $9.84, and with 251,159,163 EXT shares on the register, that is $2.47B.
I can't see it going that cheap - such a price is equivalent to around $9.61/lb in the ground for the 257Mlb indicated resource (never mind the other 134Mlb + + + of inferred resource "in the ground" plus strategic value.)
I think we can expect to see a fair bit more paid for HUSAB given a LT forecast U308 price up around $70, and a production cost for Husab suggested to be around $32/lb in Extract's DFS report released in April this year
Interstingly, if I put the 450p which someone posted a couple of days back (was that you Harlee?) into my spreadsheet, I get a value of $16/lb for the 257Mlb of indicated resources which if mined at a production cost of $32/lb remains a very economic resource against current and LT U308 prices.
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